City of Philadelphia - File #: 150390

• File #: 150390
• Version: 1
• Type: Resolution
• Status: ADOPTED
• File created: 4/23/2015
• In control: Committee of the Whole
• Final action: 6/18/2015
• Title: Approving (i) that certain Amended and Restated Lease and Redevelopment Agreement between the Philadelphia Redevelopment Authority and PR Gallery I Limited Partnership for 833 Market street, 901 Market street and 905 Market street; (ii) that certain Amended and Restated Lease and Redevelopment Agreement between the Philadelphia Redevelopment Authority and Keystone Philadelphia Properties, LP for 1001-1019 Market street; (iii) that certain Amended and Restated Lease and Redevelopment Agreement between the Philadelphia Redevelopment Authority and Keystone Philadelphia Properties, LP for 1025 Market street, for the redevelopment and urban renewal of a portion of the Market Street East Urban Renewal Area, including certain air rights and other property included in the aforementioned Amended and Restated Lease and Redevelopment Agreements; authorizing the Philadelphia Redevelopment Authority to execute the aforementioned Amended and Restated Lease and Redevelopment Agreements with PR Galler...
• Sponsors: Councilmember Squilla
• Indexes: MARKET STREET EAST URBAN RENEWAL AREA, REDEVELOPMENT AUTHORITY

Date	Ver.	Action By	Action	Result	Tally
6/18/2015	1	CITY COUNCIL	ADOPTED
6/4/2015	1	CITY COUNCIL	ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING.	Pass
6/3/2015	0	Committee of the Whole	HEARING NOTICES SENT
6/3/2015	0	Committee of the Whole	AMENDED
6/3/2015	1	Committee of the Whole	REPORTED FAVORABLY
5/28/2015	0	Committee of the Whole	HEARING NOTICES SENT
5/28/2015	0	Committee of the Whole	HEARING HELD
5/28/2015	0	Committee of the Whole	RECESSED
4/23/2015	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Approving (i) that certain Amended and Restated Lease and Redevelopment Agreement between the Philadelphia Redevelopment Authority and PR Gallery I Limited Partnership for 833 Market street, 901 Market street and 905 Market street; (ii) that certain Amended and Restated Lease and Redevelopment Agreement between the Philadelphia Redevelopment Authority and Keystone Philadelphia Properties, LP for 1001-1019 Market street; (iii) that certain Amended and Restated Lease and Redevelopment Agreement between the Philadelphia Redevelopment Authority and Keystone Philadelphia Properties, LP for 1025 Market street, for the redevelopment and urban renewal of a portion of the Market Street East Urban Renewal Area, including certain air rights and other property included in the aforementioned Amended and Restated Lease and Redevelopment Agreements; authorizing the Philadelphia Redevelopment Authority to execute the aforementioned Amended and Restated Lease and Redevelopment Agreements with PR Gallery I Limited Partnership and Keystone Philadelphia Properties, LP, as applicable, and to take such action as may be necessary to effectuate the aforementioned Amended and Restated Lease and Redevelopment Agreements.

Body
WHEREAS, The Philadelphia Redevelopment Authority (hereinafter, the "Redevelopment Authority") has prepared and submitted an urban renewal plan and a redevelopment proposal for the redevelopment of the Market Street East Urban Renewal Area (hereinafter "Market East"), which said plan and proposal were approved by Ordinance of the Council on September 16, 1969, as amended; and

WHEREAS, The Redevelopment Authority previously built or caused to be built the improvements commonly known as 833 Market street, 901 Market street and 905 Market Street (hereinafter, "Gallery I"), 1001-1019 Market street (hereinafter, "Gallery II"), and 1025 Market street (hereinafter, "JCP Building"); and

WHEREAS, Gallery I, Gallery II and the JCP Building, together with the ...